MySpace is launching a global redesign next week with better navigation and search capabilities in an effort to increase user engagement and broaden the social networking site’s demographic.

The News Corp- owned Web site is set to roll out the first phase of the relaunch on June 18, which will be the first major redesign of the site since it launched in January 2004.

Changes include improved navigation, profile editing, search functions and a redesign of the homepage and MySpaceTV Flash player.

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